Analysts from Freedom Broker have improved their recommendation for KazMunayGas shares from «wait» to «buy,» according to a daily report by Freedom Broker. The target price for the shares remains at $24.24 per share, although the market value of the stock declined by 0.1% to $22.73 on Monday and by…
In March, the number of brokerage accounts in Kazakhstan rose by 23.4% since the beginning of the year and reached 1.19 million, according to the Central Securities Depository (KCSD). As the KCSD reported, there are 680,000 sub-accounts and 508,000 brokerage accounts registered through omnibus accounts in the country. This year,…
Kaspi.kz, a Kazakhstani fintech company, is launching a four-month buyback program. Kaspi has allocated $100 million to buy its global depository receipts (GDR) in the broad market, according to the Kazakhstan Stock Exchange (KASE). During three previous buyback programs, the company bought GDR for $180 million. Kaspi.kz will buy GDR…
As of March 2, 2023, the exchange rate of the tenge against the U.S. dollar grew by 6.1 tenge and reached 435.5 tenge per dollar, which is a nine-month record. According to experts, there are several reasons for this increase. Dollar sale-off Kazakhstan’s National Bank data shows that the regulator…
In January 2023, the aggravated number of client accounts on Astana International Exchange (AIX) reached 551,100, which is a threefold increase over the year before, according to the trading platform’s data. Accounts of individuals from Kazakhstan account for the vast majority of these accounts (99.7% or 549,400 accounts in general).…
The KASE index, which includes nine companies, rose by 1.2% to 3,338.9 points in February, according to Kazakhstan Stock Exchange (KASE). The key index in Kazakhstan has demonstrated a positive dynamic over three months in a row thanks to five stocks in the index. Best-performing growth stocks The leader of…
In January 2023, the KASE index grew by 1.5% and reached 3,299.91 points. In December 2022, this rate showed a 6.1% growth, according to the Kazakhstan Stock Exchange (KASE). Five stocks of the index reported positive results in January. Stocks with gains Kazatomprom’s stock showed the best result in January…
Uzbekistan has been going through a massive privatization campaign as the country’s government offers investors almost everything to small and big companies and banks. However, not every potential investor is happy about the privatization, citing the lack of transparency. Communication in business The potential privatization of Uzagroexportbank was among the…
As a result, the company will be able to provide clients with direct access to Europe Cboe and other European exchanges
